Suntera Global has acquired Luxembourg-based boutique fund administration and corporate services firm Reference Financial Services for an unknown sum.
The acquisition, subject to regulatory approvals, expands Suntera’s client base and strengthens its footprint in the EU market.
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It also supports the firm’s growth strategy and adds to its office network in Cayman, Jersey, Bahamas, Malta, Isle of Man, Hong Kong, and Switzerland.
Established in 2003, Reference provides boutique fund administration and corporate services to Luxembourg-based companies.
These include suite of services including central administration, corporate administration, accounting and tax compliance, family office, directorship, company secretarial, domiciliation and incorporation.
It also assists the incorporation of Luxembourg funds and companies and in their liquidation.
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By GlobalDataCommenting on the deal, Reference co-owners and managing partners Olivier Jarny & Cedric Raths said: “Our decision to join Suntera Global is an exciting move designed to provide our clients with access to a depth of additional expertise in many other key markets where we are not currently represented, while maintaining the same high quality level of personal service but with a shared focus on responsibility and ambition.”
Suntera Global funds division managing director Paul Mundy said that the acquisition further fuels the firm’s strategic expansion plans.
Earlier this month, KB Associates finalised the acquisition of Luxembourg-based EFG Fund Management, a subsidiary of Swiss private banking group EFG International.
